Private Health Insurance Legislation Amendment Act 2008 (Cth)

Private Health Insurance Legislation Amendment Act 2008

No. 54, 2008

An Act to amend the law in relation to private health insurance, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedule(s)

Schedule 1—Health‑related business Australian Securities and Investments Commission Act 2001 Corporations Act 2001 Insurance Act 1973 Insurance Contracts Act 1984

Schedule 2—Restricted access insurers Private Health Insurance Act 2007

Schedule 3—The requirement for private health insurers to be companies

Part 1—Amendments Private Health Insurance Act 2007

Part 2—Transitional provisions

Schedule 4—Corporate products Private Health Insurance Act 2007

Schedule 5—Pilot projects Private Health Insurance Act 2007

Private Health Insurance Legislation Amendment Act 2008

No. 54, 2008

An Act to amend the law in relation to private health insurance, and for related purposes

[Assented to 25 June 2008]

The Parliament of Australia enacts:

1 Short title

This Act may be cited as the Private Health Insurance Legislation Amendment Act 2008.

2 Commencement

This Act commences on the day on which it receives the Royal Assent.

3 Schedule(s)

Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1—Health‑related business

Australian Securities and Investments Commission Act 2001

1 Paragraph 12BAA(7)(d) Repeal the paragraph, substitute: (d) a contract of insurance (see subsection (9)) other than: (i) health insurance provided as part of a health insurance business (as defined by Division 121 of the Private Health Insurance Act 2007); or (ii) insurance provided as part of a health‑related business (as defined by section 131‑15 of that Act) that is conducted through a health benefits fund (as defined by section 131‑10 of that Act);